IntercontinentalExchange Director Jean Marc Forneri Sells 1,000 Shares (ICE)
IntercontinentalExchange (NYSE:ICE) Director Jean Marc Forneri sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $195.00, for a total value of $195,000.00. Following the completion of the transaction, the director now directly owns 18,697 shares of the company’s stock, valued at approximately $3,645,915. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
IntercontinentalExchange (NYSE:ICE) traded up 1.81% on Wednesday, hitting $198.18. 1,069,760 shares of the company’s stock traded hands. IntercontinentalExchange has a one year low of $168.70 and a one year high of $229.50. The stock’s 50-day moving average is $194.1 and its 200-day moving average is $206.2. The company has a market cap of $22.800 billion and a price-to-earnings ratio of 45.65.
IntercontinentalExchange (NYSE:ICE) last released its earnings data on Thursday, May 8th. The company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.02. The company had revenue of $932.00 million for the quarter, compared to the consensus estimate of $922.92 million. During the same quarter in the previous year, the company posted $2.03 earnings per share. The company’s revenue for the quarter was up 164.8% on a year-over-year basis. Analysts expect that IntercontinentalExchange will post $9.84 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, June 12th.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of IntercontinentalExchange in a research note on Tuesday, June 10th. They now have a $224.00 price target on the stock, down previously from $232.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of IntercontinentalExchange in a research note on Thursday, June 5th. They now have a $225.00 price target on the stock, down previously from $232.00. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of IntercontinentalExchange in a research note on Thursday, June 5th. They now have a $215.00 price target on the stock, down previously from $220.00. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $219.31.
IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets.
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